Month: June 2022
American Airlines to stop flying to four small cities, citing pilot shortage
American Airlines Embraer ERJ-145 regional jet aircraft as seen on final approach landing at New York JFK international airport in NY, on February 13, 2020. Nicolas Economou | Nurphoto | Getty Images American Airlines plans to drop service to four U.S. cities in September, including Dubuque, Iowa, which will lose scheduled commercial air service altogether. […]
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Cramer says a ‘bull market within a bear market’ situation is possible if these 6 things happen
CNBC’s Jim Cramer on Wednesday told investors that there are several things that need to happen for the market to have a “bull market within a bear market” situation. “We’re going to have rolling bottoms just like we had rolling tops. As long as you know how to identify the signs, you’ll be able to […]
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Amazon demonstrates Alexa mimicking the voice of a deceased relative
Amazon is devising a way for users to speak to their family members through its Alexa voice assistant, even after they’ve died. At Amazon’s Re:Mars conference in Las Vegas on Wednesday, Rohit Prasad, senior vice president and head scientist for the Alexa team, detailed a feature that allows the voice assistant to replicate a specific […]
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Crypto custodian Prime Trust raises $100 million to add IRAs, staking to services suite
People walk through the North American Bitcoin Conference held at the James L Knight Center on January 18, 2022 in Miami, Florida. Joe Raedle | Getty Images Crypto custody and infrastructure startup Prime Trust has raised more than $100 million in Series B funding to expand its suite of financial products and services. The company […]
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Cliff Asness says value stocks are still crazy cheap relative to growth. Here are his top picks
Cliff Asness, co-founder of AQR Capital Management, believes value stocks are still a lot more attractive than their growth counterparts, even after a big market correction. “We’re sticking with it [value] because we always like some value in the portfolio. And we do like more when it looks very, very cheap,” Asness said on CNBC’s […]
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Maine insurance agency faces online backlash after racist Juneteenth sign
Google Earth view of Reed Agency in Millinocket, Maine. Google Earth An insurance agency in Millinocket, Maine, is facing online backlash after a photo circulated on Facebook of a sign taped to the business’s door on Monday saying, “Juneteenth ~it’s whatever… We’re closed. Enjoy your fried chicken & collard greens.” The image of the sign […]
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Nikola founder Trevor Milton faces new federal fraud charge tied to ranch purchase
CEO and founder of U.S. Nikola, Trevor Milton speaks during presentation of its new full-electric and hydrogen fuel-cell battery trucks in partnership with CNH Industrial, at an event in Turin, Italy December 2, 2019. Massimo Pinca | Reuters The founder of electric-truck start-up Nikola Motors, already under indictment for fraud, is facing a new charge […]
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Washington football team ran ‘shadow investigation’ of harassment accusers, House panel says
Washington Commanders owner Dan Snyder commissioned a “shadow investigation” into employees who spoke out against the team’s “toxic workplace” in a bid to influence the NFL’s review of sexual harassment allegations, a Congressional report released Wednesday alleged. Snyder used the probe “to target his accusers, pin the blame on others, and influence the NFL’s own internal review,” […]
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Amazon CEO acknowledges loss of Black leaders in internal memo
Amazon CEO Andy Jassy speaks during the GeekWire Summit in Seattle on Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Amazon CEO Andy Jassy acknowledged losing two top Black executives, who led warehouses and transportation, in a company email Tuesday night. Jassy’s email sang the executives’ praises, adding that he’s “truly sorry to […]
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President Biden calls on Congress to suspend the federal gas tax for 90 days
US President Biden delivers remarks on efforts to lower high gas prices in the South Court Auditorium at Eisenhower Executive Office Building June 22, 2022 in Washington, DC. Jim Watson | AFP | Getty Images President Joe Biden called on Congress Wednesday to suspend the federal gas tax for 90 days as prices at the […]
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